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Professor Richard D F Harris

Professor Richard D F Harris

Professor of Finance


+44 (0) 1392 723215

Xfi Building, University of Exeter, Rennes Drive, Exeter, EX4 4ST, UK

Richard Harris is a Professor of Finance in the Xfi Centre for Finance and Investment. He has a first class BSc Economics from University College London, an MSc Economics with distinction from Birkbeck College, University of London, an MSc in Chinese Language, Business and International Relations with distinction from the University of Sheffield, and a PhD in Finance from the University of Exeter. Professor Harris's research interests lie in the areas of financial econometrics, volatility modelling and risk management. He has written for leading international economics and finance publications including the Economic Journal, the Journal of Econometrics, the Journal of Derivatives, the Journal of Futures Markets and the Journal of Banking and Finance. Professor Harris has held visiting positions at universities in New Zealand, Belgium, Sweden, Russia and China, and is currently an Adjunct Professor at the Norwegian School of Economics and Business Administration. He has extensive experience of working with the investment banking industry, most recently with Morgan Stanley and Bank of America. Prior to becoming an academic, he worked as a technical consultant in IT for Lloyds TSB. He is a Fellow of the Higher Education Academy and a Member of the Chartered Institute for Securities and Investment.

Nationality: British

Administrative responsibilities

  • Programme Director for MSc Finance and Investment
  • Director of PGT students in Finance
  • Director of PGR students in Finance


BSc (Lond), MSc (Lond), MSc (Sheff), PhD (Exon), FHEA, MCSI

Research clusters

Research interests

  • The conditional distribution of financial asset returns
  • Empirical asset pricing
  • Active portfolio management

Professor Harris's research is concerned with modelling the dynamics of financial asset prices. He works in two broad areas. The first focuses on return predictability and the design of trading strategies, particularly those that employ moving average filters and other model-based rules. The second focuses on volatility modelling and forecasting, especially in a multivariate framework. He is also interested in the non-normality of short-horizon financial asset returns, and its implication for modelling asset price dynamics. Applications of this research include portfolio optimisation, risk management and derivatives pricing.

Research projects

Professor Harris is currently involved in researching:

  • Range-based models of volatility
  • Commodity price dynamics
  • Currency valuation

External positions

  • Adjunct Professor, Norwegian School of Economics, April 2002-
  • External Examiner, Department of Finance, Chinese University of Hong Kong
  • Associate Editor, International Journal of Forecasting

  • Financial management
  • Corporate finance / financial management
  • Investments
  • Financial econometrics
  • Applied finance